Online Sales from Sources Like ITunes and the Rise of Streaming

question 44

Multiple Choice

Online sales from sources like iTunes and the rise of streaming services like Spotify have transformed the music business.Music artists are no longer earning their main income from physical sales of their music.This new reality is an example of which dimension of the external environment?

• A)Technological
• B)Economic
• C)Socio-cultural
• D)Political
• E)Global

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Definitions:

Secured Bond

A bond backed by collateral to decrease the risk of default.

Due Process

A fundamental legal principle that ensures fair treatments and procedures are followed by the government before depriving a person of life, liberty, or property.

Fourth Amendment

A provision in the U.S. Constitution protecting individuals from unreasonable searches and seizures by the government.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet legally formed, with certain conditions for later adoption by the corporation.